Russia Passes Crypto Tax Legislation Recognizing Bitcoin and Other Cryptocurrencies as Property
Russia is moving quickly to implement new cryptocurrency taxes, as Bitcoin hits record-breaking highs against the nation’s ruble. On November 27, the Federation Council, Russia’s upper parliamentary chamber, passed a federal bill aimed at introducing new taxes on cryptocurrency transactions. The proposed legislation recognizes digital currencies as property and imposes a personal income tax of […]
Bitcoin Declared Dead 415 Times, Now It Fights for $100K
Bitcoin continues to push towards a six-figure price tag, despite being declared “dead” more than 400 times over the past 14 years. The cryptocurrency has been written off by mainstream media on 415 occasions, with the first “death” announcement coming as early as October 2010, when Bitcoin was valued at just $0.11. If you had […]
Solv Protocol to Launch ‘Onchain MicroStrategy’
Solv Protocol is set to introduce an innovative “onchain MicroStrategy” to integrate yield-generating Bitcoin reserves into decentralized finance (DeFi), according to a post from Solv’s co-founder Ryan Chow on Nov. 29. Chow stated, “We are creating the first On-Chain MicroStrategy—a transparent and permissionless platform designed to transform Bitcoin from just a passive store of value […]